(Courtesy of Jacksonville Business Journal) First Horizon National Corporation (NYSE: FHN), parent company of First Tennessee Bank, completed its acquisition of Capital Bank Financial Corp. (Nasdaq: CBF) Friday. First Horizon announced the $2.2 billion acquisition in May. The merger will give First Horizon approximately $40 billion in assets, $32 billion in deposits, $27 billion in … Continue reading First Tennessee acquisition will bring products, talent to Jax
(Courtesy of Jacksonville Business Journal) If the economic recovery in Florida were a baseball game, many of the state’s bankers believe the game is in the middle innings, but there’s a growing number who foresee the recovery drawing to a close. That’s a key takeaway from a Raymond James & Associates survey of … Continue reading Here’s where bankers see the best chances to grow loans in Florida
(Courtesy of Jacksonville Business News Ameris Bancorp, parent company of Ameris Bank, announced an agreement Friday to purchase Jacksonville-based Atlantic Coast Financial Corporation, parent of Atlantic Coast Bank, for $145 million. Ameris (Nasdaq: ABCB) had more than $1 billion in Jacksonville-area deposits before the acquisition, giving them 1.71 percent market share, according to FDIC data … Continue reading The strategy behind the Atlantic Coast Bank acquisition
(Courtesy of Jacksonville Business Journal) "Jacksonville is very well positioned when it comes to fintech," said Marc Chalifoux, vice president of fintech intelligence and innovation at TD Bank's Payments Group. "I believe fintech can be a differentiator for Jacksonville." Chalifoux addressed a gathering of banking and technology professionals Monday at an event hosted by Jax … Continue reading Jacksonville’s new breakout industry: Fintech
(Courtesy of Jacksonville Business Journal) It seems like every day we read of bankers deriding cryptocurrencies. They see blockchain as a possible help but admit they need to know more. (Don’t we all?) No smart banker today denies that major changes are underway in banking and the financial sector. Banks will have to change. Enlarge The … Continue reading Are banks really in trouble from blockchain and cryptocurrencies?